XRP, XLM, LTC: Top Cryptos to Watch This Week

The global cryptocurrency market saw a massive surge last week, with the total market capitalization rising by an impressive 16.3%, reaching a record $3.2 trillion and adding $430 billion in value. Bitcoin led the charge, achieving a new all-time high above $93,000. Alongside Bitcoin’s rally, several other cryptocurrencies also delivered notable performances. Here’s a look at three standout assets to watch this week:

XRP Reclaims $1

After struggling to gain traction during the market uptrend a couple of weeks ago, Ripple’s XRP experienced an explosive rally last week. The asset surged by 100%, pushing it firmly back above the crucial $1 mark for the first time in three years.

XRP started the week below $0.60, but quickly gained momentum, surpassing $0.60 on Nov. 11. The rally continued, and by Nov. 16, XRP had broken through the $1 barrier, reaching a peak of $1.26. Though the price saw a pullback after this, XRP managed to close the week at $1.12.

Looking ahead, if the pullback persists, traders should keep an eye on the upper Bollinger Band at $0.9980. A drop below this level could signal additional downward pressure.

XLM Soars 115%

Stellar (XLM), which often moves in sync with XRP, also posted impressive gains last week, with a massive 115% increase by week’s end. A breakout above the upper boundary of the Keltner Channel on Nov. 15 propelled XLM past the $0.13 mark, and by Nov. 16, it had surged by nearly 51% in a single day.

However, XLM has faced some correction in the new week, dropping by 12% and seeing a dip in its RSI, signaling weakening momentum. Despite this, with the RSI still at 75, the asset remains in overbought territory. As long as XLM holds above the upper Keltner Channel boundary at $0.1693, bulls remain in control.

LTC Nears $100

Litecoin (LTC) initially lagged behind in the broader market rally but saw significant gains last week, breaking through the $70 range. The asset spiked to $80 on Nov. 11, then pulled back to $71 before recovering to reach $98 on Nov. 16 — its highest price since May. However, the rally stalled just below the critical $100 resistance level.

Despite a solid 29% gain over the week, LTC has pulled back by 8.36% this week. The rally was partly fueled by an increase in social media mentions, with the Litecoin community playfully suggesting the token could pivot to meme-coin status.

Currently trading at $87.58, LTC has immediate support around the 38.2% Fibonacci retracement level at $85.64. If this level breaks, the next support is at $81.57. On the other hand, Litecoin needs to clear the $90.67 level to regain bullish momentum and target the $100 mark again.

As Bitcoin continues to set records, these altcoins — XRP, XLM, and LTC — have also shown significant growth and are worth keeping an eye on this week for potential further moves.